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Sorry see p35, its £281.3m in the accounts
https://www.boohooplc.com/sites/boohoo-corp/files/all-documents/result-centre/2021/boohoo-group-prelim-fy21.pdf
This should answer your question - Application has been made for 32,224,662 New Ordinary Shares to be admitted to trading on AIM at 8.00 a.m. on 2 June 2020 ("Admission").
· By the immediate issue of 16,112,331 Ordinary Shares in boohoo group plc representing £54.0 million, subject to a lock-up period of 18 months from the date of completion (based on the closing middle market quotation on 27 May 2020);
· By a further immediate issue of 16,112,331 Ordinary Shares in boohoo group plc representing £54.0 million, subject to a lock-up period of 24 months from the date of completion (based on the closing middle market quotation on 27 May 2020); and
· And by further contingent consideration of a further 16,112,331 Ordinary Shares in boohoo group plc, representing £54.0 million, that are to be issued subject to the Group's share price averaging 491 pence per share over a 6 month period up until a longstop date of 14 March 2024. If this condition is not met, the consideration will lapse.
The maximum total number of shares used for consideration in the transaction is 48,336,993, representing 3.9% of the group's issued share capital. Application has been made for 32,224,662 New Ordinary Shares to be admitted to trading on AIM at 8.00 a.m. on 2 June 2020 ("Admission").
They were given 32,224,662 shares at £3.35ish. Value £107.9m
16,112,331 shares with a lock in period of 18 months - earliest they could sell would be 28th Nov 2021, share price £1.74. Value £28,035,455
16,112,331 shares with a lock in period of 24 months - earliest they could sell would be 28th May 2022, share price £84.92. Value £13,682,591
So £108m, if they sold most they would of got would of been nearly £42m
So £3.3m 66% + £161.9m cash payment + if they sold as soon as lock in ended £42m = £207m most they could of got
They were given 32,224,662 shares at £3.35ish. Value £107.9m
16,112,331 shares with a lock in period of 18 months - earliest they could sell would be 28th Nov 2021, share price £1.74. Value £28,035,455
16,112,331 shares with a lock in period of 24 months - earliest they could sell would be 28th May 2022, share price £84.92. Value £13,682,591
So £108m, if they sold most they would of got would of been nearly £42m
They have already said they have ample surplus liquidity so no longer need such a big RCF
A spokesman said: “Boohoo remains a strong, well-capitalised business with ample surplus liquidity. The agreed reduction in the [revolving credit facility], which will take effect in March 2025, reflects Boohoo’s lower requirement for revolving credit and re-affirms business as usual operations. Boohoo continues to expect to publish final results in May.”
Better see that London office on the market soonish then, got to find £75m from somewhere - how about a fully subscribed placing to dilute Mr Murray?
Or maybe put the rerurns fee up considering its so cash generative ;)
A spokesman said: “Boohoo remains a strong, well-capitalised business with ample surplus liquidity. The agreed reduction in the [revolving credit facility], which will take effect in March 2025, reflects Boohoo’s lower requirement for revolving credit and re-affirms business as usual operations. Boohoo continues to expect to publish final results in May.”
Pedro how come you have 2,691 posts in 2021 and now have 2695? Seems a bit strange when you post a million times a day. YOU ARE A LIAR
"Posted in: BOO
Posts: 2,691
Price: 315.90
No Opinion
RE: Boohoo - Onwards and Upwards7 Mar 2021 11:46
I have no intention of buying any at any price.Without growth this can only be worth 50p maximum.This is values asa growth share,that is highly doubtful"
Https://wwd.com/business-news/technology/boohoo-extends-partnership-with-rokt-1235785141/
https://www.prnewswire.com/news-releases/boohoo-expands-partnership-with-rokt-to-boost-user-engagement-and-profitability-301917867.html